I'm not talking about modelling. I'm talking about going through the motions of taking, say, Deutche Bank into receivership, divvying up its assets into good and bad, and shafting the unsecured creditors. Y'know, doing their job. Or working out a plan for how to deal with a Soros attack ahead of time, even if you believe that it can't happen in the real world.

I don't expect the military to be able to accurately predict whether the Russians will invade or not, but I do expect the military to have run enough exercises to convince themselves that they know how to hurt the Russians if they did decide to invade, for whatever obscure reason. Hell, the military has scenarios for fighting a nuclear war, which is probably about the most pointless sort of war game you can imagine - if people start lobbing around megatons, you lose. Even if you win.

- Jake

Friends come and go. Enemies accumulate.